Elevation Point Wealth Partners LLC Takes $525,000 Position in Impinj, Inc. $PI

Elevation Point Wealth Partners LLC bought a new position in Impinj, Inc. (NASDAQ:PI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,667 shares of the company’s stock, valued at approximately $525,000.

Several other hedge funds and other institutional investors have also modified their holdings of PI. BlackRock Inc. acquired a new stake in shares of Impinj in the 2nd quarter valued at $637,286,000. The Manufacturers Life Insurance Company increased its position in shares of Impinj by 2,441.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 425,945 shares of the company’s stock worth $43,745,000 after purchasing an additional 409,182 shares in the last quarter. Invesco Ltd. lifted its holdings in Impinj by 48.3% during the 3rd quarter. Invesco Ltd. now owns 1,209,292 shares of the company’s stock valued at $218,580,000 after purchasing an additional 393,685 shares during the last quarter. Norges Bank bought a new position in Impinj during the 4th quarter valued at about $55,216,000. Finally, William Blair Investment Management LLC acquired a new position in Impinj in the second quarter valued at about $42,514,000.

Impinj Stock Up 3.2%

Shares of NASDAQ PI opened at $166.22 on Wednesday. The firm’s 50-day simple moving average is $148.44 and its 200 day simple moving average is $130.80. The company has a market cap of $5.08 billion, a price-to-earnings ratio of -180.67 and a beta of 1.94. The company has a quick ratio of 2.29, a current ratio of 3.28 and a debt-to-equity ratio of 0.80. Impinj, Inc. has a 12-month low of $87.36 and a 12-month high of $247.06.

Impinj (NASDAQ:PI) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.06. Impinj had a negative net margin of 7.26% and a positive return on equity of 5.23%. The firm had revenue of $108.37 million during the quarter, compared to analysts’ expectations of $104.60 million. During the same quarter last year, the company posted $0.80 EPS. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. On average, research analysts expect that Impinj, Inc. will post 0.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PI. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $200.00 price objective on shares of Impinj in a research note on Thursday, July 30th. Jefferies Financial Group lifted their target price on shares of Impinj from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Wall Street Zen raised Impinj from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Weiss Ratings upgraded Impinj from a “sell (e+)” rating to a “sell (d)” rating in a research report on Thursday, July 30th. Finally, UBS Group raised their price target on Impinj from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Impinj currently has a consensus rating of “Moderate Buy” and a consensus target price of $183.30.

Insider Activity at Impinj

In related news, CFO Cary Baker sold 1,429 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $185.00, for a total value of $264,365.00. Following the completion of the sale, the chief financial officer owned 88,226 shares of the company’s stock, valued at $16,321,810. This trade represents a 1.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sylebra Capital Llc sold 12,105 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $127.36, for a total transaction of $1,541,692.80. Following the completion of the transaction, the director owned 782,943 shares of the company’s stock, valued at $99,715,620.48. This trade represents a 1.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 240,657 shares of company stock worth $32,875,156 over the last three months. 6.80% of the stock is owned by insiders.

Impinj Profile

Impinj, Inc, headquartered in Seattle, Washington, develops Radio Frequency Identification (RFID) solutions designed to connect everyday items to the internet. Founded in 2000, the company pioneered RAIN RFID technology with a focus on transforming supply chain and inventory processes across retail, healthcare, airport baggage handling and manufacturing. Impinj’s platform comprises RAIN RFID tag chips, fixed and handheld RFID readers, gateways, antennas and connectivity modules that enable real-time visibility of tagged items.

Impinj’s product portfolio is built around its core RAIN RFID ecosystem, offering tag chips for high-volume production (Monza series), reader chips for integration into third-party devices and complete reader and gateway systems (Speedway series and xArray).